Mumbai: The BSE benchmark Sensex shed 61 points in opening trade on Tuesday on growth concerns spurred by a 5.1 percent contraction in industrial output in October, extending its losing streak for the fourth straight day amid a weakening trend overseas.

The 30-share Sensex, which has lost over 1,007 points in the past three sessions, shed another 60.98 points, or 0.38 percent, to 15,809.37 in the first few minutes of trade on Tuesday.

In a similar fashion, the wide-based National Stock Exchange Nifty index declined by 18.10 points, or 0.38 percent, to 4,746.50.

Selling was widespread, with capital goods, metal, bank and oil and gas stocks leading the fall, dragging the market down.

Brokers said the market sentiment remained bearish, with funds and retail investors offloading stocks after the release of data that showed industrial production declined by 5.1 percent in October.

They said a weakening trend on other Asian bourses following overnight losses in the US amid doubts over the strength of a European pact aimed at ending the euro zone financial crisis further dampened the trading sentiment here.

In the Asia region, Hong Kong's Hang Seng index was trading 1.45 percent lower, while Japan's Nikkei shed 1.44 percent in morning trade on Tuesday. The US Dow Jones Industrial Average ended 1.34 percent lower in Monday’s trade.

(Agencies)